There's no fixed date. Phase 0 of ETH 2.0 is already running. Check here: https://launchpad.ethereum.org/en/
The launch of the other phases is not decided. Devs have regular meetings and debate on when it's ideal.
In a perfect world, PoW Ethereum will be a subchain on ETH 2.0. So miners will still be able to mine, but the rewards will be lower and lower. I'm expecting miners to fork again and create a new ETH chain.
Going back to ETC is not an option. The current ETH chain is not accepted by the ETC community.
probably increases the hype to avoid a collapse of value in the short term ... but it may also be that they want to rest assured to then avoid rewinding the chain
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